Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
Charity registration number 242677
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SEThLEMENT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
PAR MulcaTe
G Flint
V Buzzard
Charlty number
242677
Administrative office
Crf(chleys Audit LLP
8eaver House
23-38 Hythe Bridge Street
Oxford
OX1 2EP
Audltors
Griffin Stone Moscrop & Co
21~27 Lamb's Conduit Street
London
WC1N 3GS
Bank•rs
National ￿stM￿nSter Bank plc
32 Commarket Street
Oxford
OX1 3HQ
Sollcltors
Kn￿hts Professional Services Limrted
Midland House
Wesl Way
Botley
Oxford
OX2 OPH
cla￿sle9*1 LLP
One Forbury Square
1 The Forbury
Reading
Berkshire
RG1 3E8
Investment advisors
Punter Southall Wealth
The Capital Building
12-13 Sl Andrew Square
Edinburgh
EH2 2AF
Propgrty managers
Ministar Services Limited
14 John Dickinson Centre
London Road
Apsley
HP3 3QU

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
LEGAL AND ADMINISTRATIVE INFORMATION
Grants Adminlstrator
Lucy McCallum-Tcypin
Springfield
Faiingdon Road
Soulhmoor
Oxfordshire
OX13 5NX

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MR & MRS J A PYE'S CHARITABLE SETTLEMENT
CONTENTS
Page
Trustees, report
Statement of trustees, respL)nsibilities
Independent auditors, report
Statement of financkAI activities
Balanrk sheet
10
Statement of cash flows
Notes to the finanGio1 stalements
12-25

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SE￿LEMENT
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial slalements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to
the financial statements and comply with the Settlement's Trust Deed, the Charities Act 2011 and "Accounting
and Reporting by Charities". Statement of Recommended Practic8 applicable lo charities preparing their
accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 1021 {effective 1 January 20191"
Objectives and activities
The Sethemenl's objects are general charitabl& objectives.
The overall policy of the trustees is lo support under-funded charities in their fields of interest in order lo assist
those charitres lo play a fuller role in the community. Unfortunately, due to the demands made il is not
possible to support 811 applications even though they may meet the charity's criteria. However, the trustees
particular￿ recognise the drfficulty many smaller charities experience in obtaining core fullding in order lo
operate efficiently in today's demanding environment. In addition major support is given to a limited number of
causes in the fields of environrnent, music, education and medicine. This approach has been rewarded ty
significant results obtained by beneficiaries.
The Settlement's website describes Its grant-making wlicy and applicants are encnuraged lo sènd their
applications eleGtronically using the Settlement's email address..
Cha
lem
nl
rnail.com.
In making grants the trustees seek lo continue the settlor8' inte￿5t$ whib expanding them to encompass
other causes. They focus their granl-making on Oxfordshire and its surrounds whilst continuing their support
lo charitable causes espoused by the Pye famity and individual trustees.
The fc41owing list is by no means exhaustive and is given for guidance only-.
Environmental
This subject particularly deals with organic farming matters, conservation generally and heatth related
matters such as pollution research and some wildlifo protection.
Educatlon
Nursery, Primary, Seeondary or Higher Institutions Inol indNidualsl.
Allevlation of Hardship
This includes cau*s cortrrned wllh poverty, haallh and care generally.
The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what aclivrties
the Settlement should undertake.
By making grants lo other charitsble causes, the trustees ensure that their objectives for public benefit are
met. Due to the size of the Setuemenl, the trustees mostly restrict the grants lo charities operating in
Oxfordshire and the surrounding areas as they feel that in this way they are able lo make a more significant
contribution lo the communities in the area. Applications from nat￿)nal charities with a Specif￿ project within
the sel area a￿ also welcomed. The trustees outline elsewhere in the trustees, report the main areas that
they tend to support, but all donation requests will be considered. Due to the varied interests of the settlors
and the CLJrrent tru51e@s, a wide variety of causes are supported, thus making sure that the ben8fits reach
people of all bad(grounds. The Irusloes are particulaily keen lo supp¢)tt smaller charities that may struggle lo
find funding for worthwhile project$, many of which have a very direct impact on the people within which the
eommunity the charity operates.
The trustees review the activities of the donees on a regular basis, giving due regard lo the guidance
published by the Charity Commission on publ+c benefit.
The Settlement does not hold any funds as a custodian trustee.

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MR & MRS J A PYE'S CHARITABLE SETTLEMENT
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Achievements and perforrnanco
Grants
In the year under review, grants amounting lo £452,05412020.. £478,250) have been made to 10812020-. 1181
charities concerned with environmental matters, educab.on and the alleviation of hardship. As many of the
organisations the Settlement supports fall within more than one ol the above categories, the trustees feel that
it is more meaningful to provide a list of all Tecipients who have benefited from grants of £501 or more in 2021
and 2020 and consequently no separate list of the grants classified by the activities being funded is included
in the financial statements.
As di$c105ed al the end of note 6 the trustees have a forward programme of grants lo be wholly funded out of
future income. It is the policy to make clear to all beneficiary charities that forward grant programmes are
always subject tr) annual reconsideration and therefore cannot be relied upon until confirrned by the trusteès
on an annual basis.
In view of this policy and practice the trustees are of the opinion that any ￿CognItion of this forward
programme in the financial ststemenls, other than as disclosed in note 6. would be misleading.
Financial review
In comparison with 2020 the Settlement's totsl income decreased by £69,012 during the year. Income from
the investment portfolio de¢reased by £7,140 and rental income from investment properties decreased by
£60,430. Grants decreased by £28,1￿ and other expenditure increased by £11,774.
The trustees continue lo keep their costs of administration and those of the property portfolio under review in
order lo avoid duplieation, engaging appropriate expertise and saving costs.
Reserves policy
The trustees have established a reserves policy. whereby 50/0 of the annual rental income is sel aside for any
improvements and capital expenditure required for the Maiden Lane Shopping Centre. This is so that the
trustees may manage their investment in Maiden Lone Shopping Centre proactively, wilhoul affecting their
ability lo meet their charitable objectives. The balance on thi5 reserve at 31 December 2021 is £150,641.
Following the receipt in 2016 of a donation of £525,000 from the late Mrs Yvonne Pye, the trustees resolved to
maintain a fund from which they would award grants to eAuses in which Mrs Pye had indicated an interest. Al
the Trustees meeting on 24 June 2021 il was agreed to undesignate the fund which at the lime lolalled
£194.266. Subject lo this the trustees do not feel thal any other reserves are required at present.
Investment policy and perfomiance
Investment policy for the combined equity and bond portfolios under discretsonary management is to maintain
the real value of the capital invested and, subject to this, lo generate income to satisfy CLJrrent and anticipated
donations to the Settlement's beneficiaries. The value of the Sètuement's investments at 31 December 2021
Stood al £8.715,738 12020.. £8,137.0551. The trustees have no special policy on social. environmental or
ethical considerations.
Risk assessmènt and management
The trustees has assessed the major risks lo which the Settlement is exposed, and are satisfied that systems
are in place to mitigate exposure lo the major risks.

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MR & MRS J A PYE'S CHARITABLE SEThLEMENT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees keep under reV￿W the risks of maintaining the integrity of the fund and have concluded that there
are no untoward risks in the approach and management of the Settlement. In condu¢ting this review they
considered particularly the areas of fraud, the policy of holding the portfolio in nominee names, and
investment policy as executed by managers. The managers provide an annual independent security report lo
th¢ trustees.
Since it is directed to institutions regulated by the Charity Commission and supplemented by
assessments by the Grants Administrator, the trustees consider they have minimised any risk in their
distribution policy.
The trustees have considered their risks particularly in relation to the COVID-19 pandemic and consider this to
be a medium-term consideration and of medium risk as the property portfolio generating income has some
tenants who are key ffttailers and have remained open throughout, whilst others have been required lo close
in accordance with Government guidelines. The general business environmonl iemains challenging for many
tenants. The trustees will continue lo monitor this situation and revise their consideration5 accordingly.
Plans for the futurè
The trustees plan lo continue their present mode of operating as outlined in the report.
structuro, goveman¢g and managemont
The Settlement is a Registered Charity (No.. 2426771 constituted by a Trust Deed made 5 March 1g65
between the late Mr and Mrs J A Pye and the original Iruslees (Mr G C Pye, Mr G W F Archer and Mr R H
Langdon-Daviesl under which the trust fund together with the income from il is held for the benefit of such
charitable purposes as the trustees shall select. Following the dealhs of the selllors the power lo appoit)I new
Iruslees is vested in the trustees for the lime being.
The trustees who served during the year and up to the dale of signature of the financral slatsments were=
PA R Mukare
G Flint
V Buzzard
The trustees administer the Settlement. They have no fixed retirement dale_
The Iruslees undergo training either through courses or functional experien￿. New trustees are inducted in
the same way.
Decisions of the trustees are tsken by them at their regular meetings which are held al least four limes a year.
Thè bijsiness of thè meetings is to review the affairs of the Settlement and to consider the awarding of grants.
Applications for grants are sent, in the fir51 instance, to the Grants Administrator, Mrs Lucy McCallum-Toppin,
who then presents them, tcyjether with her assessment, for discussion at Iruslees, meetings. The Grants
Administrator arranges for the payment of grants and is involved in Corresponden￿ and meeb'ngs with
nefieiary tharilies.
On an annual basis one or more of the Iruslees me81 representatives of all beneficiaries receiving major
awards and rgports are received from other beneficiaries.
Safeguarding
The Setuement confines its charitable activities to the awarding of grants to other charitable organisalDns. It
is the trustees, policy to ensure that the recipients of rt5 grants have safeguarding policies in pla￿ in
accordance with Charity Commission guidelines.
Payment of staff
sin￿ they currently have no stsff the trustees have not felt it necèssary lo adopt a policy for théir paymant.
Handlln9 of complaints
11 is the trustees, p)licy for complaints to be considered al their meetings.

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
The tru8tees' report was approved ty the Board of Trustees and signed on its behalf by..
PA R Mulcare
Trustee
Dated.. I .

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MR & MRS J A PYE'S CHARITABLE SEThLEMENT
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
The Iruslees ar8 ￿sponSible for preparing the Trustees, Report and the finanoal Statements in accordance with
applicable law and United lQ'ngdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law 8pplicable to Gharities in England and Wales requires the tsuslees to prepare financial statements for
each financial year which give a true and fair view of the stsle of affairs of the Selllement and of the incoming
resources and application of resourees of the Settlement for that year.
In preparing these financial statements. the trustees are required to..
select suitable accounting poI￿leS and then apply them consistently.
observe the methods and principles in the Charities SORP.,
make judgements and esb'mates that are reasonable and prudent.,
slate whether applicabk accounting standards have been followed. subject to any material departures
disdosed and explained in the financial statements", and
prepare the financial slalemenls on the going con¢em basis unless it 1$ inappropriate to presume that the
charity will continLJe in operation
The Iruslees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at
any lime the financial position of the Settlernent and enable them lo ensure that the financial statements comply
with the Charities Act 2011, the Charty (Accounts and Reports) Regulations 2008 and the provisions of the trust
deed. They are also responsible for safeguarding the assets of the Selllemenl and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
INDEPENDENT AUDITORS, REPORT
TO THE TRUSTEES OF MR & MRS J A PYE'S CHARITABLE SErrLEMENT
Opinlon
We have audited the financial statements of Mr & Mrs J A Pye's Charitable Settlement Ilhe 'Settlemenl'l for the
year ended 31 D8￿mber 2021 which comprise the statement of financial activities, the balance sheet, the
slalement of cash flows and notes lo the financial statements, including significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Acwunting Standards, including Financial Reporting Standard 102 The Fin8nci81 Reporting Standard applicable
in the UK and Republic of Ire18rtd Iuniled Kingdom Generalty Accepted Accounting Practice}.
In our opinion, the financial 8tatemenls'.
give a true and fair view of the state of the Settlement's affairs as at 31 December 2021 and of ils incoming
resources and application of resources, for the year then ended..
have been properly prepared in accordance with United Kingdom Generally At￿pted Accounting Practice..
and
have been prePa￿d in accordance wf(h the requirements of the Charities Act 2011.
Basls for oplnion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, ￿spOnsibl11t1eS for the 8udrf
of the financial stalernerpls se¢tion of our report. We are independent of the Settlement in accordance with the
eihical requirements that are relevant to our audit of the fiiiancial slateinents in the UK, inGluding the FRC,
Ethical Standard, and we have fulfilled our other ethic81 responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basts for our
opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees. use of the going con￿r￿ basis of
accounting in the preparation of the financial statements is appropriate.
Based on the worfi we have perfomed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may east signifieant doubt on the Settlement's ability lo conlinue as a
going concem for a period of al least ￿e1Ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other infomiation
The other information comprises the information included in the annual report other than the financial statements
and our auditors, report Ihereon. The Iruslees are responsible for the other Information contained within the
annual report. Our opinion on the financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in
doing so, consider whether the other infomation is m*erially inconsislenl with the financial slalemenls or our
knowledge cl)lained in the course of the audit. or otherwise appears to be materially misstated. If we identify
such material inconsistencie5 Qr apparent material missiatements, we are required to determine whether this
gives iise lo a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there Is a material misstalemenl of this other information, we are required lo report
that fact.
We have nothing to report in this regard.

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
INDEPENDENT AUDITORS. REPORT (CONTINUED)
TO THE TRUSTEES OF MR & MRS J A PYE'S CHARITABLE SETTLEMENT
Mattors on whlch we arg required to report by exception
We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion."
the Infom)ation given in the financial statements is inconsistent in any material rgSPèCt with the truste¢s'
repoit", or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records,. or
we have not re￿iVed all the information and explanations we require for our audit.
Rgsponsibilities of trustees
As explained more fully in the statement of Iruslees, responsibilities. the trustees are responsib￿ for the
preparation of the financial statements and for being ￿t1$fIed that they give a true and fair view, and for such
internal control as the trustees determine is necessary lo enable the preparation of financial stalemonls that are
free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Iruslees
are responsible for assessing the Settlement's ability lo continue as a going concern, disclosing, as applicable,
matters related to going concem and using the going concern basis of accounting unless the trustees either
intend to cease operations, or have no realistic alternative but lo do so.
Auditor's re8ponsibilities for the audit of the financial statements
We have been appointed as audttor under section 144 of the Charities Act 2011 and report in accordan￿ with
the Act and relevant regulations madè or having effect Ihereunder.
Our objectives ar@ to obtain reasonable assurance about whether the financi81 statements as a whole are free
from material misslalement, whether due lo fraud or error. and to issue an auditors, report that includes our
opinion. Reasonable assuran￿ is a high level of assurance bul is not a guarantee that an audit conducted in
accordance with ISAS {UK} will always delect a material misslalement when it exists. Misstatement3 can arise
from fraud or error and are Considered material if, individually or in the 8ggreg8te, they could reasonably be
eX￿Cted lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design pr¢)cedures
in line with our responsibilities, outlined above, to detect material misstalemenls in respect of irregularities,
including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud, is
detailed below.
Perfoming audit work over the risk of managemènt ovarrido of eDnlrols, ineluding te8ting of journal
entries at*d other adjustments for appropriateness, evaluating the rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for bias,.
Carrying out subslanlive checking lo supporting documentstion, on a Sample basis. of individual
transactions within income and expendiluo to give comfort that the statement of financial activities does
not contain any irregular items.
Verfying that material balances within the balan￿ sheet are supported by third paty evidence to
confim) existence and valuation at the balance sheet date.,
Enquiry of management and those charged with g)vemance around actual and potential litigation and
claims., and
Reviewing minutes of trustee meetings.
Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including
those leading to a material misstatement in tha financial statements or non-compliance with regulation. This risk
ncreases the more that compliance with a law or regulation is removed from the events and transactions
reflacted in the financial stalemenls, as we will ￿ less likely lo become aware of instances of non-complian￿.
The risk is also greater regarding irregularities occurring due lo fraud rather than erior, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
INDEPENDENT AUDITORS. REPORT (CONTINUED)
TO THE TRUSTEES OF MR & MRS J A PYE'S CHARITABLE SETTLEMENT
As part of an audit in accordance with ISAS (UKI, w8 exercise prOfeS￿onal Judgen￿nt and maintain professional
scepticism throughout the audit. We also..
Identfy and assess Ihe risks of material misstatement of the financial statements, whetheT due to fraud OT
error, design and perform audit procedures responsive to those risKs, and obtain audlt evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misststement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery.
intentional ¢Jmissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant lo the audit in order to design audit procedures that are
appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the
Settlement's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting e51im8tes
and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based
on the audit evidence obtained, whether a malerfal uncertainty exists related to events or conditions that may
cast significant doubt on the Settlement's ability to continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw attention in our auditors, report lo the related disclosures
in the financial statements or. rf such disclosures are inadequate. lo modify our opinion. Our conclusions ar8
based on the audit evidence obtained up to the dale of our auditors, report However, future events or
conditions may cause the S&ttlement to cease lo continue as a going concern.
Evaluate the overall presentation, structure and content of the financial stalemenls, including the diselosures,
and whether the financial statements represent the underlying transactions and events in a manner that
achieves fair presentation lie. gives a true and faiT view).
We communicate wrth those charged with governance regarding, among other matters, the planned scope and
liming of the audit and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit.
Use of our report
This report is made solely to the Settl8ment's trustee5, as a body, in accordance with part 4 of Ihe Charrties
IAccounts and Reports) Regulations 2008. Our audit work has been undertaken $0 that we might State to tho
Selllement's trustees those matters we are reqLJired to $tal8 lo them in an auditors. report and for no other
purpose. To the fvllest extent pemiilled by law, we do not accept or assume responsibility to anyone other than
the Setuemenl and the Setuement's trustees as a body, for our audit work, for this report. or for the opinions we
have formed.
24/612022
Grlffin Stone Moscrop & Co
Chartgrgd Accountants
SL7tutory Auditors
21-27 Lamb's Conduit Street
London
WC1N 3GS
Griffin Stone Moscrop & Co is eligible for appointment as auditor of the Settlement by virtue of its eligibility for
appointment as auditor of 8 company under section 1212 of the Companies Act 2006.

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted UnreBtrict•d
funds
funds
2021
2020
Income from investments
618,054
685.066
Expendrture on raising funds
95,251
83,394
Expenditure on charitable activities
486.389
512,668
Total expenditure
581,640
596,062
Nel gainslllossesl on investments
619.605
85,688
Net movement in funds
654,019
174,692
Fund balanos al 1 January 2021
14,554,642 14,379,950
Fund balances at 31 December 2021
15,208,661 14,554,e42
The statement of financial activities includes all gains and1088es recognised in the year.
All income and expenditure derives from continuing actwilies.

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MR & MRS J A PYE'S CHARITABLE SETTLEMENT
BALANCE SHEET
ASAT31 DECEMBER 2021
2021
2020
Notes
Fixed a888t8
Investment properties
Investments
10
11
6,157,100
8,715.738
6,157,100
8,137,055
14,872,838
14,294,155
Current assets
Debtors
Cash al bank and in hand
14
25,935
401,925
71,048
305,991
427,860
377,039
Creditors: amounts falling duo wlthln
ono year
15
{92,0371
1116.552)
Nel ¢urrent assets
335,823
260,487
Not assots
15,208,661
14,554,642
Incomg funds
Designated funds..
Maiden Lane reserve
Yvonne Pye reserve
150,641
129.622
194,266
17
150,641
15.058,020
323,888
14,230,754
General unrestricted funds
Total funds
15,208,661
14,554,642
The financial statements were approved by the Trustees on .11....￿.￿¢￿.. 2021
PAR Mulcare
Trust00
V Buzzard
Tru8tee
Trustee
10-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SE￿LEMENT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Notes
Cash flows from operatlng activitie8
Cash absorbed by Operat￿jr
19
1561,0421
1629.5981
Cash flows from investing #ctivities
Purchase of investments
Proceeds on disposal of investments
Investment ineome received
15,329,170)
5,370,092
616,054
12,930,408}
2,967,945
685,066
Net cash generated from investing
activiti8$
656,976
722,603
Ngt ¢a8h used in financing a¢tlvitles
Net incrèase In cash and cash gqulvalents
95,934
93,005
Cash and e8sh equival8nts al beginning of year
305,991
212,986
Cash and cash gquivalont8 at end of year
401,925
305,991
11

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SEThLEMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting pollcles
Charlty infomiation
Mr & Mrs J A Pye's ChaTit#ble Settlemont is a fegistèred charity. It is registered with Ihe England and Wales
Charity Commission. Its administrative office address is Crilchleys LLP, Beaver House. 23-38 Hythe Bridge
street, Oxford, OXI 2EP.
1.1 Accounting convention
The financial statements have been prepared In accordance with the set￿eMent's Trust Deed, the
Charities Act 2011, "Accounting and Reporting by Charities.. Statement of Recommended Practicè
applicable to charities preparing their accounts in a¢¢ordanTr with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" and the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. The Settlement is a Public
Benefit Entity 8s defined by FRS 102.
The financial stslemenls have been prepared lo give a "true and fai¢, view and have departed from the
Charities IAccounls and Reports) Regul*ions 2008 only to the extent required to provide a "tTue and fairf,
view. This departure has involved following Accounting and Rewrting by Charities.. Statement of
Recommended practi￿ applicable to eharilies preparing their accounts in accordance with the Financial
Reporiing Stsndard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather
than Accounting and Reporting by Charities.. Slalemenl of Recommended PraGtice effeclNe from 1 April
2005 which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Setuement.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the histOTical cost convention, modified to include
investment properties and certain financial instruments at fair value. The principal accounting policies
adopted are sel out below.
1.2 Accounting estlmates
The preparation of financial ststements in Complian￿ with the Charities SORP {FRS 1021 requires the use
of certain critical accourrting estimates. 11 also requires management to exercise judgement in applying the
charity's aGcL)unting policies.
1.3 Going concern
Al the time of approving the financial slalements, the trustees have B reasonabl8 expectation that the
Settlement has adequate resources lo continue in oper8tk)nal existencè for the foreseeable future. Thus
the trustee5 continue lo adopt the g)ing concem basis of accounting in preparing the financial statements.
1.4 Charitsble funds
Unrestricted funds are available for use al the discretion of the trustees in furtherancg of their charitable
objectives.
In the year ended 31 De￿mber 2015 the trustees created a reserve for capitsl expenditure in respect of
Maiden Lane Shopping Centre and this was allocated to a designated fund. In the year ended 31
December 2016 th¢ Iruslee5 created a reserve for a donatson from Mrs Yvonne Pye and this was allocated
lo a designated lund, however in the year ended 31 December 2021 the Iruslees agreed to undesignate
this fund. The details are shown in note 17.
1.6 Income
Income is recognisod when the Settlement is Segally entitled to it after any perfomiance conditions have
been met, the amounts can be measured reliably, and il is probable that income will be received.
12-

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MR & MRS J A PYE'S CHARITABLE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng poli¢les
(Continu•dl
Invastment incomo
Dividends are included in the statement of financial activities when they are receivable.
Gross bank interest is included in Ihg statement of financial acb'vilies as it arises.
Rental income is included on a receivable basi8. IAhere rent 1$ received in advance it is recorded as
deferred Income and released to the statement of financial activiknes in the pèriod lo which il relates.
1.6 Expendlture
Expenditure is recognised On￿ there is a legal or construelive obligatron to transfer economic benefit lo a
third paty. it is probable that a transfer of economic benefits will be required in selllement, and the amount
of the obligalK)n can be measured reliably.
Grants are recognised when they become payable.
Classificatlon of expenditure
Expenditure is charged to the statement of finaneial actNitie$ a8 11 is incurred. Governance costs comprise
costs for th¢ running of the Settle￿ent rtsem as an organisalion. Governance costs are apportioned
between expenditure on raising funds and charitable activities based on time spent.
1.7 Investment properties
Investment property, which is property held lo eam rentals andlor for capital apprèciation, is initially
recognised al cost, which includes the purchase cost and any directly attributable expenditure.
Subsequentty it is measured al fair value al each reporting dale. The fair value is on the basis of aclvice
from independent propety valuers. The surplus or deficit on revaluation is recognised in net incomel
expenditure.
1.8 Flxed asset invostmonts
Fixed asset investments are initially measured at transaction prits exduding transaction costs and are
subsequently measured at fair value 81 each reporting date. Changes in fair value are recognised in nel
incomelexpenditure. Transaction costs are expensed as incurred.
1.9 Loans
From lime lo time the trustees re¢8ive requests for substantial grant funding to which they would like lo
aC￿de. In many cases it helps the beneficiary charity for funding lo be spread over a number of years. In
some cases, however, rt is dear that the nature of th8 project requires immediate cash and in such cases it
is the policy of the trustees lo lend money in order to assist the beneficiary charity to start a project and
enable the grantee lo match funding from other sources. The terms of such loans are always expressed to
be free of interest and repayable on demand. Loans are redU￿d either by repayment or by a waiver
aulhorised by the trustees. Loans made are accounted for when authorised by the trustees.
1.10 Cash and cash equlvalents
Cash and cash equivalents includg cash in hand, deposits held al call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
13-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policlos
Icontlnued)
1.11 Financial instrument$
The Settlement has elected lo apply the provision# of Sertion 11 '8asic Financial Inslrumenls, and Section
12 '01her Financial Instruments Issues, of FRS 102 to all of it5 finanaal instruments.
Financial instruments are recognised in the Settlemenvs balance sheet when the Settlement beeomes
party to the conlraGtual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there ig a legally enfor￿able right lo sel off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are inkially measured at
transaction pri￿ including transaction costs and are subsequently carried at amortised ￿$1 using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted a a market rate of interest. Financial
assets classrfied as re￿Ivable within one year are not amortised.
Basie flnancial li8bllltles
Basic financial liabiSilies, including creditors and bank loans are initially recognised at transaction price
unless the arrangement conslilules a financing transaction, where the debt instrument is measured al the
present value of the future payments discounted al a market rale of interest. Financial liabilities classtfied
as payable within one year a￿ not amortised.
Debt instruments are subsequently earned at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or Se￿iceS that have been acquired in the ordinary course
of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within
one year or less. If not. they are presented as non£urrent liabilities. Trade Creditors are recognised Initially
al transaction pri￿ and subsequently measured at amortised cost using the effeciive interest method.
Derv¢ognltlon of financlal liabilities
Financial liabilities are derecognised when the Settlement's conlraclual obligations expire or are discharged
or Can￿lled.
Critical accounting estlmate$ and judgements
In the application of the Settlement's accounting policies, the twslees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sou[￿s. The estimates and associated assumptions 8re based on historical experien￿ and
other factors that are considered to be relevant. Actual results may d"rffer from these estimates.
The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both CUTrent 8nd future
periods.
14-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from investments
Unrestricted Unrestricted
fund6
funds
general
general
2021
2020
Rental income
Income from118ted inveslmonts
Interest receivable
447,268
168,777
507,698
175,917
1,451
616,054
685,066
Expenditur• on raising funds
Unre8tri¢ted Unrestricted
funds
funds
general
general
2021
2020
Property expenses
Share of governance costs {s8e note 71
Investsnenl management costs
47,201
fj,411
41,839
33,489
15,867
34,038
95,251
83,394
Expenditure on ¢haritabl• acttvltlès
Grant
making
2021
Grant
making
2020
Grants payable (see note 6>
Share of governance costs (see note 7)
452.054
34,335
478,250
34,418
486,389
512,668
15-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SErrLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Grants payable
During the year the Setuemenl distributed £452,054 10 108 inslitutions12020.. £478,250 to 118 instrtub"onsl,
in accordance with the Settlement'5 objectives. As stated in the Iruslees. report, the charity seeks to
support organisations focused largely in Oxfordshire and the surrounding area Con￿Med with
environmentsl matters, education and the alleviation of hardship. A number of these organisalions fall into
o or more of the above categories and therefore the trustees consider il more useful to the reader of the
financial ststements to list all recipients who have ￿nefited from grants of £501 or moro, rather than
dassify the grants made by the activities being funded.
No Grant
2021
2020
Music al Oxford
Magdalen College School
Association for Post Natal Illness
The Gatehouse
Aspire
Banbury Museum Trust
Pegasus Theatre
SOFEA
Style Acre
Helen & Douglas House
11
Berinsfield Information and Volunteer Centre
12
Be Free Young Carers
13 CLIC Sargent
14 FamAbility
N80mi House & Jacks Place
16 Oxford Victoria County History Trust
17
Refugee Resource
18 ROSY
19 Seesaw
20
The Prince's Trust
21
The Radley Lakes Trust
22
The Story Museu
23 Wallingford Food Bank
24
Wild Oxfordshire
25 Yellow Submarine
26 Oxfordshire Youth
27
Barracks Lane Community Garden
28
The Cedar Community Club
29 The Porch
30 MS Therapy Centre
31
Abingdon Food Bank
32
Asylum Welcome
33
Banbury Young Homeless Projert
34 Cherwell Theatre Company
35 Open University - The Floodplain Meadow Partnership
36
Oxfordshire Association for the Blind
37 Berks, Bucks and Oxon Wildlife Trust IBBO
38 Blackbird Leys Neighbourhood Support Schem9 Ltd, known as The
Agnes Smith Advice Centre
Earth Tfust
Innovista, Thrive
100,000
30,000
20,000
15,000
10,000
10,000
10,000
10,000
10,000
7,500
6,000
5,000
5,000
5,O¢X)
5,000
5,000
5,0(X)
5,000
5,000
5,000
5,000
5,000
5.000
5,000
5,000
4,500
4.125
3,500
3,303
3.2SO
3,000
3,000
3,000
3,000
3,000
3,000
2,500
100,000
30.000
20,000
5,000
10,000
10,000
10,000
5,000
3,000
5,000
15,000
4,750
5.000
20,000
10,000
5,000
1,000
3,500
2,000
3,000
2.500
2,500
2,500
39
40
2,500
2,500
16-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SE￿LEMENT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Grants payable
(Continued)
41 Joss Searchlight
42 Oxford Community Vvork Agency
43 Oxford Food Hub
44 Pusey House
45
The Guide Dogs for the 81ind Assoeiation
46
The Mapl@ Tree
47
The Sunshine Centre
48 Witney and West Oxfordshire Food Bank
49 Ag8 UK
50
Christ Church Cathedral Music Trust
51 Combe Community Hub
52
Dementia Oxfordshire
53 Edge Housing
54
Emm?us Oxford
55 Family Links
Friends of Dorchesler Abbey
57
Helen Arkell Dyslexia Charity
58 Maggies Oxford
59 My Life My Choice
60 One-Eighty
61 Oxford Churches Debt Centre
62 Oxford City Fam)
63 Oxfoidshire Family Support
64 Oxfordshire Sexual Abuse and Rapè Crisis Centre
65 Parents and Friends of Barowell School
66 SAFEI
67 SSNAP
68 Sl Stephens House, Oxford ISJE Arts)
69 Teenage Caneer Trust
70 The Archway Found81ion
71
The Let￿Mbe Brooke Project
72 The North Wall Arts Centre
73 The Woodland Centre
74 WVA
75
Walerperry Opera Festival
76 Wootton Sl Peteffs CE Primary School
77 Newbury Sea Cadets
78 Lif& Education Wessex and Thames Valley
79 Clean Slate
80 Response
81
Home-stsrt Banbury, Bicesler and Chipping Norton
82 The Kidlinglon Good Neighbour Scheme
83 Gingerbread
84
Blue Skye Thinking
85
Disabled Sailors Association
86
Earth Watch
87 Enrych Oxfordshire
88 Headinglon School
89 Leafield Pre-Seh¢X)I
90 Lifelites
2,500
2,500
2,500
2,500
2.500
2,500
2,500
2,500
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,OOD
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2.000
2,000
2,000
2,000
1,633
1,575
1,500
1.500
1,450
1,250
1.100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
2,500
2,500
2.500
2.500
1,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2.000
3,900
1,000
1,000
1,4SO
3,500
1,000
17-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SEThLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Grants payable
(Continued)
91 Oxford Baby Bank
Oxford Hub
93 Oxfordshire Crossroads
94 Oxfordshire MIND
95
Response Giving
Riding for the Disabled Group Abingdon
97
Sapere
98 The Mill Arts Cerrtre
99 Thomas Gifford TTUSt
100 Dogs for Good
101 Oxford Preservation Trust Membership
102 La se￿niS$1Ma
103 Oxfordshire Historic Churches
104 Organic Research Centre
105 Art Fusion
106 Home-start Southern Oxfordshire
107 New Yatt Riding for the Disabled
108 Oxford Hospitals Charity
109 Oxfordshire Scouts
110 Southmoor Pre-school
111 The Hummingbird Centre
112 Thumbs Up Club
113 Young Dementia UK
114 Daybreak
115 Oxford Lieder Festival
116 Modern Art Oxford
117 Vvoodstock Youth Work
118 The Cluster Care Group
119 Autism at Kidlinglon
120 Headway, Oxford
121 KIDS Oxfordshirg
122 Startup online
123 The Friends of Abingdon Abbey
124 Wolvercote YP Club
125 Banbury Advice Centre & Citizen Project
126 Clanfield Pre-school
127 Falcon Boat Club
128 Friends of St Marys Church
129 Homestart Oxford
130 MS Society
131 The Friends of Oxford Botanic Garden and Arboretum
132 The Listening Centre
133 W1tney Buttercross S¢oLJts Group
134 Clearsky
135 Child 8rain Injury Trust
136 ERIC
137 Longworth Pre-school
138 Adventure Plus
139 Arts al the Old Fire Station
140 Bridewell Organic Gardens
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
768
600
1,000
2,000
1,500
1,000
600
10,000
10,000
7,500
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
4,800
4,000
3,500
3,000
2,600
2,500
2,500
2.500
2,500
2,500
2,500
2,000
2,000
2,000
2.000
2,000
2,000
2,000
2,000
2,000
1,650
1,500
1,500
1,50Q
1,000
1.000
1,000
18-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Grants payable
(Contlnued)
141 Chipping Norton Theatre
142 Dean Court Community Association
143 Footsteps Foundation
144 HENRY
145 Human Story Theal
146 Huntington's Disease Association
147 Jacari Oxford
148 Lauriston Lights
149 Oxford Hub
150 Oxford Playhouse
151 Oxfordshire Breasffeeding Support
152 RAW Workshop
153 Riverside Counselling SeNices
154 RSPB Olmoor
1 SS Scientists in Schools
156 The Big Issue
157 The English Musical Festival
158 The Friends of Sl James Primary School
159 Watemiill Theatre, Newbury
160 Whizz-Kids, London
161 Grants below £501 17}12020.' 13}
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
6,500
3.500
452,054
478,250
There were no commitments in connection with unpaid grants at 31 December 2021. The trustees intend lo
make further grants lo be funded from future income as ft)Ilows'.
Payments which at all lirnes remain subject to th8 trustees, complete discretion. indicated but not
committed or provided for in these financial statements:
2021
2020
Potential￿ payable within one year
Potentially payable within lo five years
201,000
92,000
212,000
173,000
293,000
385.000
Movements on grants payable were as follows..
2021
2020
At 1 January 2021
Increase in potentially payable grants
Paid during the year
385,000
365,500
120,000
264,000
1212,000) 1244,5001
At 31 De￿mber 2021
293,000
385,000
19-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Govemance cost$
Govarnance
costs
2021
Governance
osts
2020
Audit fees
Accountancy
Legal and professional
Adminislialion f8es
Grant administrator fees
Trustees. expenses
Other professional fees
Bank charges and
commission
7,000
9,080
600
10,494
12,000
161
732
7.¢J)O
9,080
600
10,494
12,000
161
732
6,930
8,605
1,751
lo,￿0
12,000
132
10,160
6,930
8,605
1,751
10,000
12,000
132
10,160
679
679
707
707
40,746
40.746
50,285
50,285
Analysed t)etr￿een..
Raising funds
charitab￿ activities
6,411
34,335
6,411
34,335
15,867
34,418
15.867
34,418
40,746
40,746
50,285
50,285
Govemance costs includes payments to the auditors of £7,00012020-. £6,930} for audf( fees.
Trustees
None of the trustees lor any persons connected with them) received any Temuneration or benefits from the
Settlement during the year.
Expenses for travel and subsistence were paid lo 1 trustee totalling £161 12020.. 1 trustee totalling £132>.
Net galn8 on Investments
Unrestrl¢tgd Unrestricted
funds
funds
general
general
2021
2020
Revaluation of investments
619,605
85,688
10 Snvestment properties
2021
Falr value
Al 1 January 2021 and 31 De￿mber 2021
6,157.100
-20-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SErrLEMENT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2021
10 Inv•8tmgnl propertie8
{Continued)
The market value for the freehold investment properties is based on valuations provided to the trustees by
independent property valuers. The Iruslees, policy is lo have the investment prDperties valued èxtgmally
every five years, with the trustees then revv&wing the valuation annually to ensure that the carrying value is
equivalent lo market value.
The investment properties held in trust for the Selllement by Forkpalm Limited were brought into the
Setuemenl's financial slalements during 2015 al a value provided lo the trustees by independent
commercial property valuers. The properties were revalued at 31 De￿mber 2020 to £905,000 by Adam
Smylie MRICS of Kirkby Diamond, Chartered Surveyors.
The other investment properties are held directly by the Seluemenl. Maiden Lane Shopping Centre.
Reading was valued al a market value of £5,022,000 as at 7 February 2020 by Peter Memmott FRICS, of
Fairweathers Chartered Surveyor5. The Polleries. Tilehurst was revalued at 26 February 2020 by Peter
Memmoll and the value was revised lo £230,000.
21

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SErrLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
11
Flxed asset Invostsnonts
Listed
Unlisted
Investments invostrnents
Total
Valuation
At l January 2021
Additions
Valuation changes
Diswsals
7,285,272
5,213,967
619,948
14,780,868)
851,783
8,137,055
115,203
5,329,170
13431
619,605
(589,2241 15,370.0921
At 31 December2021
8,338,319
377.419
8,715,738
Carrying amount
At 31 Decembgr 2021
8,338,319
377,419
8,715,738
At 31 De￿mber 2020
7,285,272
851,783
8,137,055
2021
2020
Investments al fair value comprise..
UK & overseas fixed interest
Equities
Collective investments
The ChaTlties Propety Fund
Punter Southall Wealth cash capital
2.515,933
2,242,524
3,579,862
2.235.386
1,186,015
3,863,871
589,567
262,216
377,419
8,715,738
8,137,055
-22-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SEThLEMENT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
12 Subsidiary companies
The Settlement has wholly-owned subsidiary companies. as detailed ￿lOw. The shares of both
subsidiaries are held in trust by the Settlement's trustees.
Forkpalm Limitgd
Forkpalm Limited, a company registered in England and Wales, was purchased by the Settlement on 27
June 2007. Until 31 December 2015 the company's activity was lo hold the freehold reversion of
investment properties and charge ground rents. It donated ils taxable profits to the Selllement by gift aid.
Since 1 January 2016 Fothpalm ￿'MIted has been dormant.
On 31 De￿mber 2015 the directors of Forkpalm Limited resolved to hold the assets of the company in
trust absolutely for the Settlement. The property held by Forkpalm Limited had already been sh[￿n in the
Settlement's balance sheet, but the company's bank account was brought into the Settlement's balance
sheet. Furthemiore, the property income receivable as al 31 December 2015 and the accountaney fees
payable al that dale in respect of Forkpalm Limited were recogni¥ed on the Settlement's balance sheet.
Due lo the above re-organisalion, no consolidated accounts have been prepared for the year ended 31
De￿Mber2o21.
Maidon Lane D•vel•pment Managem•nt Company Limited
Maiden Lane Development Management Company Limited. a company also registered in England and
Wales, was purchased by the Selllemenl on 20 February 1998. The company's activity is lo manage the
propety known as Maiden Lane Cenlre, Lower Earley, Reading. Although the shares are held in trust by
the Sethement's trustees, the Setuemenl has no financial interest in this company. There is therefore no
requirement lo prepare consolidated financial statements in res￿￿ of this company.
13 Financlal in8trument8
2021
2020
Canying amount of financial assets
Instruments measured al fair value through income and expenditure
8,715.738
8.137.055
Financial instruments measured at fair value through income and expenditure comprise fixed asset
investlments.
14 Debtors
2021
2020
Amounts falling dug within one y&•r-
Rental income debtors
Other debtors (see below)
Prepayments and awrued Income
14,045
2,500
4,390
41,865
12.500
9,183
20,935
63,548
2021
Amount8 falling due after morethan one yoar:
2020
Other debtors (see bel¢Jvl
5,000
7,500
Total debtors
25,935
71,048
-23-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SEThLEMENT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
14 Debtoys
(Continued)
Othgr debtors - loans to charities
2021
2020
Banbury Museum
Pusey House
10,000
10,000
7,500
7,500
20,000
Repayable within one year
Repayable after one year
2,500
5,000
12,500
7,500
7,500
20,000
15 Creditors= amounts falling due within one year
2021
2020
Nolo$
Taxation and soaal security
Deferred income
Trade credilois
Accruals for grants payable
Other creditors
Accruals
15,477
38,577
13,748
13,019
44,143
11,175
28,000
16
8.855
15,380
20.215
92,037
116,552
16 D•f•rred income
2021
2020
Rental income invol￿d in advance
38,577
44,143
2021
2020
Deferred income at 1 January 2021
Released from previous years
Resources deferred in the period
44,143
144,143}
38,577
48,708
{48,7081
44,143
Deferred income at 31 December 2021
38,577
44,143
-24-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6
MR & MRS J A PYE'S CHARITABLE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
17 Designatad funds
The income funds of the charity include the following designated funds which have teen set aside out of
unrestricted funds by the trustees for specifie purposes..
Balan¢+ at
1 January 2020
Ra8our¢•s
expended
Tran8f8Ys
Balance at
1 January 2021
Tran5f8rs
Balance at
31 Docember
2021
Maiden Lane reserve
Yvonne Pye reserve
105,236
204,266
24.386
129,622
194,266
21,019
1194,2661
150,641
110,0001
309,502
110,000}
24,386
323,888
{173,247}
150.641
18 Relatgd party transactions
There were no disclosable related party transactions during the year (2020.. none).
The Trust Deed tsjntains an express power for payments to be made lo trustees for profes$ional setmces in
relation lo the administration of the Settlement. During the year. nonè of the trustees re￿ived any
remuneration or benefits in kind. Expenses were reimbursed as detailed in note 8.
19 Cash absort)ed by opera￿on$
2021
2020
Surplus for the year
654,019
174.692
Adjustments for..
Investment income recognised in statement of financial xlivilies
Fair value (gainsylosses on investments
{616,0541
{619,6051
1685,0661
185.688)
Movements in working capital".
Decreasellincreasel in debtors
(Decrease) in creditors
45,113
124,5151
121,365)
112,171>
1581,0421
1629,598)
20 Analys1¥ of changes in not fundB
At l January
2021
Cash flow5 At 31 De¢ember
2021
Cash at bank and in hand
305,991
95,934
401.925
305,991
95,934
401.925
The Settlement had no debt during the year.
-25-

Docusign Envelor￿ ID". DD8CA76E-C8204328-865A-AFD74DAFA5A6